240,539 Shares in The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new position in shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 240,539 shares of the company's stock, valued at approximately $9,323,000. Kornitzer Capital Management Inc. KS owned approximately 0.20% of The Baldwin Insurance Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BWIN. Elevation Wealth Partners LLC acquired a new stake in The Baldwin Insurance Group in the 4th quarter worth about $32,000. Nisa Investment Advisors LLC bought a new position in shares of The Baldwin Insurance Group during the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC acquired a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $66,000. KBC Group NV bought a new stake in shares of The Baldwin Insurance Group in the fourth quarter valued at approximately $127,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in The Baldwin Insurance Group during the fourth quarter worth approximately $200,000. Institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BWIN shares. Wells Fargo & Company dropped their price objective on The Baldwin Insurance Group from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on The Baldwin Insurance Group from $47.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of The Baldwin Insurance Group from $50.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $45.50.

Insider Buying and Selling at The Baldwin Insurance Group

In related news, major shareholder Elizabeth Krystyn sold 191,307 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $45.18, for a total transaction of $8,643,250.26. Following the completion of the transaction, the insider now directly owns 232,570 shares in the company, valued at $10,507,512.60. This represents a 45.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 20.14% of the company's stock.

The Baldwin Insurance Group Price Performance

Shares of The Baldwin Insurance Group stock traded down $1.07 during trading on Friday, reaching $39.18. 347,329 shares of the company's stock were exchanged, compared to its average volume of 366,192. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.98 and a current ratio of 0.98. The Baldwin Insurance Group, Inc. has a 1-year low of $26.08 and a 1-year high of $55.82. The company has a market cap of $4.61 billion, a P/E ratio of -61.22, a PEG ratio of 1.17 and a beta of 1.63. The firm's 50-day moving average price is $39.87 and its 200 day moving average price is $44.63.

The Baldwin Insurance Group Company Profile

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.